Originally Posted by
cycat64
I don't wish to be an apologist for Kathmandu as I no longer have an interest in them, nor do I wish to. However, I am amused at the trash that is being written in this thread. It matters not whether the previous owner was an individual, a private equity fund, or whatever. They will be selling to maximise their return. The market determines the price according to the demand for the shares, presumably after the buyers have done due diligence.
In the case of Kathmandu there is no evidence whatsoever that their float will turn out to be a dud for those who elected to get on board. Quite the contrary. It has been a hugely successful business to date with a marvellous track record, a record that would easily eclipse most of the better companies on the NZX boards.
It is correct that in the recent IPO it was mainly the Aussies that came to the party. But what does that tell us ? Since when have the Aussies been inferior in their judgement than New Zealanders ?
Let us wait to see if this outfit meets its prospectus projections. Then cast judgements, but any conjecture at this point is plain drivel.